Catch up with the hottest subjects impacting the fast evolving and rapidly developing area of transaction banking. Topics include cash management, trade, payments, working capital, liquidity management, digitalisation, e-commerce, mobile payments, cards, emerging technology and much more. Stay informed on the latest developments in the TxB space and find out how they impact people and companies in the Nordics and beyond.
Insights
Open Banking – the basis of a new digital banking backbone
Banks are transforming to become fully digital. For the traditional banks, the journey is long and will take years. Luckily, they are not alone. External partners like Fintechs, non-traditional financial services providers, technology companies and even regulatory requirements are helping banks to take the steps towards the target state. Mikko Päivinen, Enterprise Architect at Nordea, explains how Open Banking is one of the drivers which can help the digital transformation, if architected and implemented correctly.
SWIFT global payments initiative (gpi) is set to become the new standard for making cross border payments. Offering a range of benefits for banks and their customers, full SWIFT gpi compliance is expected to be achieved by the end of 2020.
As more devices become connected to the Internet of Things, ever growing quantities of data are produced. Ville Sointu, Head of Emerging Technologies at Nordea, explains how this data has the potential to transform financing models and business decisions for companies and individuals alike.
As Sweden continues to move towards being a cashless society, the Swish mobile app has seen an explosion in popularity. It’s now used by over two thirds of the country’s population. Here’s what businesses in Sweden have to gain from offering Swish as a mobile payment solution.
You may already have a centralised payment and collections hub, but it’s important that you regularly review and improve its processes. By continually upgrading your payment factory, your business can scale, evolve and navigate new risks. Here are our key recommendations.
Nordea’s Working Capital Report analysed the performance data of 9300 companies from publicly available financial reports between 2013 to 2017. The report found that overall the working capital level remained fairly stable during the four years. However, large deviations were uncovered below the surface.
How Volvo’s treasury is becoming a strategic player
Treasuries want to be more strategic—but it’s not an easy road. They’ll need to recruit the right skill sets, take a leading role on digitalisation and be early adopters of new technologies. Nordea’s Erik Seifert met with Elisabeth Mosséen, Group Treasurer at Volvo Cars, to learn from her experience of building a strategic treasury that’s actively engaging with the business to support corporate goals.
Is it time your business adopted an Information Security Management System?
For companies throughout the Nordics, cybercrime is a growing concern. Attacks can have a long-lasting impact on companies—from major financial losses to reputational damage. To battle the myriad risks, is it time your company established an Information Security Management System (ISMS)?
7 practical steps treasuries can take against cyber threats
Cybercrime increasingly threatens finance departments across the Nordics. With attacks on the rise , what can you do to stay secure? Here are actionable steps that won’t break the bank or require a complete infrastructure overhaul.
Despite the often negative headlines related to cryptocurrencies, blockchain technology offers far more than just new forms of digital cash and gives banks the opportunity of creating all sorts of new value adding services.
3 ways to prepare for SEPA Instant Credit Transfers
The new SEPA Instant Credit Transfer scheme could benefit your business in a number of ways—but are you ready? In this article we offer three key recommendations to help your business prepare for the upcoming changes and get the most out of instant payments.
How will SEPA Instant Credit Transfer benefit your business?
The new SEPA Instant Credit Transfer scheme is a world-first in terms of its scale and reach. As it’s rolled out across Europe, it could benefit your business immensely; by helping you deliver better customer experiences, optimise your cash management and streamline your operations.
